Gas Prices – The Continuing Saga


News on the gas prices. Extracting from The Star:

From July 1, industries using more than two million cu ft of gas a day will enjoy a 70% discount on the market price of gas, now at RM79 per million British thermal unit (mmmbtu).

Under this new structure, industries using more than two million cu ft of gas a day will enjoy the new price of RM23.88 per mmmbtu, down from RM32.56 per mmmbtu, which was to have been effective this month.

Those using less than two million cu ft a day, including 8,887 households that have gas piped directly to their homes, will enjoy a price of RM22.06 per mmmbtu beginning Aug.

 I wonder if the Independent Power Producers (IPPs) had anything to do with this?

Barracuda Shoal

Barracuda Shoal

This entry was posted on Friday, July 18th, 2008 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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